Completion of a 1.2 Million Pyeong Industrial Complex in the Agricultural City Sangju... Abaco and Dongcheonsu Among Tenants

On the 27th at 2 PM, Gyeongbuk Province held the 'Sangju General Industrial Complex Completion Ceremony' at the Sangju General Industrial Complex in Heonsin-dong, Sangju City, attended by about 300 people including Kim Hak-hong, Deputy Governor of Gyeongbuk Province, Kang Young-seok, Mayor of Sangju City, and members of the Gyeongbuk Provincial Assembly and Sangju City Council.

The Sangju General Industrial Complex is an industrial complex that will serve as a foothold for pioneering new industrial sectors to create new sources of income for Sangju City. It covers an area of 120,000 pyeong (393,000㎡) with a project cost of 71.4 billion KRW, and was developed directly by Sangju City as the project operator.

A completion ceremony for a general industrial complex covering 1.2 million pyeong was held in Sangju, Gyeongbuk, an agricultural city.

Currently, it houses Abaco, a leading domestic company specializing in the localization of display parts and equipment, and Dongcheon Water, which produces carbonated water and carbonated beverages. It is expected that once fully leased and operational, the complex will create 2,500 jobs and generate an induced production effect of 850 billion KRW, greatly contributing to the revitalization of the local economy.

Sangju has long been known as a granary region and is still recognized as an agriculture-centered city with a significant agricultural sector.

However, in the current era emphasizing local autonomy, the completion of the Sangju General Industrial Complex, which pioneers industrial sectors beyond agriculture as a new engine for economic growth, holds deep significance.

In particular, the Sangju General Industrial Complex was successfully completed in just over two years despite the difficult domestic construction industry conditions caused by COVID-19.

Along with the relocation of the Gyeongsangbuk-do Agricultural Research and Extension Services, the establishment of the secondary battery cluster industrial complex, and the construction of the cultural and arts center, the completion of this industrial complex is expected to become a cornerstone for Sangju’s transformation by harmonizing the city’s regional characteristics with new industries.

At the completion ceremony, Kim Hak-hong, Deputy Governor of Gyeongbuk Province, said, “As we enter the full-fledged era of local autonomy, I hope Sangju’s potential will become a driving force for the development of Gyeongbuk Province,” adding, “Going forward, Gyeongbuk Province will spare no support and effort to enable cities and counties to maximize their local capabilities and develop autonomously.”

This content was produced with the assistance of AI translation services.